Starling Bank: award-winning banking on your mobile
- No monthly fees or fees overseas
- Apply in minutes, direct from the app
- Winner 2020 - Best Current Account, British Bank Awards
Attractive features of The Co-operative’s main current account include monthly rewards via their everyday rewards opt-in, a mobile app and no monthly fee.
The everyday extra account comes with worldwide travel insurance with AXA, UK and European breakdown cover from RAC and mobile phone insurance from Lifestyle Services Group. You’ll need to hold a current account or current account plus with The Co-operative Bank in order to upgrade to this account, and you will need to pay a monthly fee of £15.
This account offers a simplified way of managing funds for those who may not qualify for other accounts. There’s no overdraft facility, cheque book or monthly account fee, ensuring a greater degree of control over your spending. Unless you’re in financial difficulty, you can’t open this account if you already have an account with Co-operative Bank or smile.
You can apply to open an account either in store or online. Information you’ll need includes how much you earn (including pensions or benefits), any previous addresses from the last three years, the name and address of your employer and your current bank details. Your credit will be checked using a credit reference agency. You should hear a decision about your application within five working days. If you don’t hear from them, you can contact The Co-operative Bank by phone on +44(0)3457 212 212.
In one way or the other, you use your current account every day, often multiple times a day. When you buy your morning coffee, when you plan a holiday, when you pay the rent, when it’s finally payday… the list is endless. It’s a basic financial product, but it’s a very important one, so you should really find something that’s tailored to your needs.
Also, competition between banks is quite harsh these days because current accounts are the most basic way they acquire new customers. They often try to attract them with nice rewards or conspicuous switching incentives, so it’s really worth taking a look at what’s around.
If you don’t really care about physical branches and want to deal with your banking online, you may want to look into challenger banks. Monzo, Starling and their competitors are all about signing up for a current account in a few minutes instead of days and offering the customers fee-free accounts that come with great mobile apps. Head to our digital banking hub to learn more.
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